Full Time Forex Trading Is A Scam! Here's Why!

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---Disclaimer---
I am not a registered financial adviser and hold no formal qualifications to give financial advice. Everything that is provided in this video is purely for educational purposes only. All information here should be independently verified, researched and confirmed.
Trading foreign currencies can be a challenging and potentially profitable opportunity for investors. However, before deciding to participate in the Forex market, you should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose.
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I don't know.
I paid off my house and cars.
I'm pretty happy

funnyman
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Real profitable traders don't make noise. They don't share their deep secrets. They don't go out to social media to advertise what they do. They don't sell products . They don't solicite for subscribers on youtube. They study and they are discipline traders. Your assumptions might not be correct.

electronicom
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hold on, am i seeing this right. he says forex full time is a scam then i see in the description he has a course himself? wtf

rateme
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They don’t make an income because 90% don’t understand how to trade

Liftheavy
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"Forex is a scam and retail traders can't earn a living from it". So why do you sell EAs to retail traders hoping to earn a living from it? Surely that makes you a part of the scam? No offence intended Ryan, I just had to raise the point. IMVHO the real reason that successful traders aren't posting their results to YT is they don't have the time, or the need to supplement their income via a YT Channel. The problem is not that youtube "traders" don't prove their consistent performance on here, the problem is that they are on youtube in the first place. Scripting, filming, recording, producing, editing, posting, boosting listings and monitoring comments every day leaves very little time left for trading. No wonder these YT guys don't make any money from it! :-)

thepieman
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I trade full time with consistent results and low risk, it’s not overnight success, you need a years of work and don’t give up, programming is similar there is most bugs and complicate situations which everyone can’t understand, like all business, and professions. You must go for it whatever it takes

danieldanteab
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It's a scam if you don't know how to play the game.

sardonyx
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The wisest thing that should be on everyone mind currently should be to invest in different stream of income that doesn't depend on the govt especially with the current economic crisis around the world.

amaliaamihan
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Totally agree. Great video. Most (probably all) day traders on YouTube are marketers. Why else would they spend so much time making videos, selling courses, selling chat rooms, selling signals etc... It's all about passive income. They do not make money trading. Profitable/professional traders don't shout about it and they certainly don't drive supercars. They also make more realistic gains of perhaps 2-10% month (and even have negative months like your video shows), which of course doesn't sound exciting to newbies whom you're trying to sell a lifestyle to. Social media really needs a purge.

crh_
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When it comes to another way of making money.. investing in bitcoin is the most growing investment, am a part of it and it provides high returns in a short period of time..

mitchelluarince
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I thought 90 -95% will fail and loose money and he 5-10% of profitable traders with make a good money. I think people do make great returns from trading, most can't make it work for them thats why they become frustrated and call it a scam.

TonyMontana-sxjv
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All I have to say is people need to start taking responsibility of their laziness and stop blaming it on a well functioning system just because they want to be rich overnight but are too lazy to do the work and learn and improve on their skills. Everyone has to go through the rule of cause and effect-have to put in the work! you can’t just get rich overnight, the faster you do away with the get-rich-quick mentality, the closer you are to become a successful trader !

abdulkarimaminu
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.. Finally. This is the first time I see a person with experience in Forex trading who dares to be honest. Respect Ryan and thank you ...

martinettenes
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Trading is an investing, it won’t come overnight, you have to be patient and trade the bigger timeframes, you have to have a strong mindset to hold a trade for days or weeks, that’s how u invest, by managing your risk, you have to make money work for you, , not you for them .. so please don’t call it a scam because it ain’t .

vasilmadin
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This is soo much crap! As long as you have a proper strategy, use correct risk management and can control your emotions, then you have every chance of being profitable

JamesSmith-dshi
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I learned how to trade forex from 2006-2008. I finished trading when the economic crisis happened, it was too volatile to trade. The market was up and down like a yoyo and as soon as I made a trade it went in the other direction in minutes. I won and I lost over the 2 years. Overall I lost paying out thousands of pounds learning how to trade and never being able to make enough money to live on. I became a window cleaner and that ended up being a life changing thing

polznbladz
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I recommended a professional broker to you guys sometime ago can I get a person who invested with him?

brunocemas
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It's amazing that people thinks the same. If one person says that it is tough and can't then people quickly believe. Because in reality many don't want to put efforts to really make change. So, if someone says something that it is tough or give examples of other losers people quickly believes.

Here people should also know that trading is not for everyone. Like programming is not for everyone. But you can't blame others. Same with trading.

Because I have personally seen people(low profile) who actually make trading for living.

People's psychology is so lame.

abhi
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if you trade in higher timeframes, you are funded by a prop firm and you are consistent after some time, you can live from it. daily chart for the win!

sdasd
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Dude, you have 1 computer and 1 chart and look well rested.

NCapital